Tag Archives: NagaCorp
Cambodia – NagaCorp looking to sell notes to investors in Asia and Europe
Cambodian casino operator NagaCorp is thinking of offering notes to investors to increase its liquidity, but says it has enough cash reserves on hand to last a year and a half on minimal revenue. The operator said: “The company proposes to conduct an international offering of the Notes to investors in Asia and Europe. In…
Russia – NagaCorp remains on course for Primorye opening next summer
Cambodia-based casino group NagaCorp remains on course to open its huge casino project in the Entertainment Zone of the Primorye Region near the port of Vladivostok in Russia’s Far East next summer. The resort is being built in three phases, with the first phase which saw an investment of up to US$200m breaking ground five…
Cambodia – NagaWorld’s gaming revenue up 28.5 per cent so far in 2019
NagaCorp ‘continued its journey of growth’ with NagaWorld in the Cambodian capital of Phnom Penh enjoying a 28.5 per cent surge in its GGR during the first nine months of the year. Revenue has come in at US$1.29bn, marking a 20 per cent increase, whilst net gaming revenue increased by 28.5 per cent to US$616.3m…
Cambodia – NagaCorp sets its sights on Macau with Naga3 development
Cambodian casino group NagaCorp has said it is ready to take on the casinos of Macau with its latest US$3.5bn investment into its NagaWorld casino in the capital of Phnom Penh. NagaCorp Chairman Tim McNally confirmed the operator will start the build of Naga3 in late September or early October. He added: ““We have a…
Cambodia – Revenues at NagaWorld surpass $1bn so far in 2018
Riding on the successful opening of Naga2 in November 2017, Cambodian operator Naga Corp the operating force behind NagaWorld, the only casino in the capital of Phnom Phen, has continued its trajectory of growth, smashing the $1bn mark for the first nine months of the year. The operator said that for the first nine months…
Cambodia – NagaCorp still on course for 2018 opening
The Prymorie Regional government has confirmed that Cambodian casino operator, NagaCorp will start building its gaming resort in the Primorye gambling zone in Russia’s Far East, next month at a cost of US$350m and a completion date of 2021 although the casino element could be launched in 2018. NagaCorp has already devloped its land lots…
Cyprus – Melco International left as stand-alone bidder in Cyprus
Macau-based operator Melco International is now the only operator left in the race for the Cypriot casino concession following a decision by Cambodia operator NagaCorp to pull out of the bidding process. NagaCorp, the operator of Phnom Penh’s NagaWorld casino, said in a filing to the Hong Kong Stock Exchange: “After careful review and given…
Cambodia – NagaCorp eyes 2017 opening for Naga2
NagaCorp, the operator of the only casino in Cambodia’s capital Phnom Penh, has confirmed it will open its new casino, Naga2, next year, with 200 gaming tables and up to 1,000 slot machines. With the existing NagaWorld complex reaching full capacity on a regular basis, NagaCorp decided to develop Naga2, costing US$369m, which will be…
Cyprus – Cypriot submissions given three month extension
The Legal and the Audit Services in Cyprus have approved a three month extension to finalise casino blueprints following a request from two of the three companies in the second round. The extension will not affect the date that the government is planning to announce its winner though. The three bidders will need to submit…
